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At the time of his death Jason had the following assets: Home owned jointly with rights of survivorship with his wife Sally, valued at $500,000.
At the time of his death Jason had the following assets:
Home owned jointly with rights of survivorship with his wife Sally, valued at $500,000.
Stock account in his individual name, valued at $250,000.
Life estate received from his mother, Judy, in a family vacation home. The home is worth $1,000,000. Jasons sister Toby is the remainder beneficiary.
IRA worth $750,000. His wife Sally is the primary beneficiary.
Who will receive the stock account?
A. | Toby | |
B. | Sally | |
C. | Whoever Jason named in his will | |
D. | Judy |
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